Accueil | Novembre 30, 2020
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According to a new report from CondoVultures.com, banks seized more than 30,000 Miami real estate and other South Florida properties through foreclosure last year, a 16% increase from 2008.

In 2009, lenders filed 97,000 foreclosure notices on Miami real estate and other properties in Florida, but not all of those homes have been seized.




Peter Zalewski, a principal with Bal Harbour-based Condo Vultures said in a statement, ``Lenders repossessed an average of 83 properties per day in South Florida in 2009 and the number of bank repossessions could have been higher if the South Florida court system was not overwhelmed with foreclosures right now. The courts and government are searching for creative measures -- including online auctions and required discussions between borrowers and lenders at the early stages of mortgage defaults -- to stem the foreclosure problem.''





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